"I firmly believe that courts are as much concerned with national interest as all of us and courts` intentions are bona fide.,"

But, good intentions don`t necessarily make good law……………………

“Country is integrated into the global economy and, therefore, global investors are ready to invest in our infrastructure sectors, including telecom. Of late, bona fide global investors are somewhat uncertain about the fate of their investments made with legitimate expectations. If in the course of such uncertainty, these investments take a beating, the Indian economy will be hurt…….”

India is a good market for FDI and we must all be circumspect that we don`t do anything with the best of intentions to stall the Indian growth story. Uncertainty seems to have set in in the telecom sector, which doesn`t augur well for us. We are trying to revive a sector that is in debt in excess of Rs 2 lakh crore. We tried to reverse the sentiment. Unfortunately, in the prevailing circumstances, we are bound hand and foot. If the government doesn`t have enough free play at the joints to decide on a particular course of action for a sector, then I think we will have to rethink the role of institutions and the contours of their jurisdiction".